Description

BSE announces changes to securities under Short Term Additional Surveillance Measure framework, with 10 securities being added and 7 securities moving out effective January 5, 2026.

Summary

BSE has updated the list of securities under the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 5, 2026. A total of 10 securities are being newly included in the ST-ASM framework, while 7 securities are moving out. No securities are being moved to higher or lower stage ASM within the short-term framework. The ST-ASM framework is designed to monitor securities witnessing unusual price movements or volatility.

Key Points

  • 10 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
  • 7 securities moving out of ST-ASM Framework
  • Changes effective from January 5, 2026
  • Includes both main board and SME scrips
  • No securities moving to higher or lower stages within ST-ASM
  • Consolidated list provided showing all securities currently under ST-ASM with their respective stages

Securities Being Added (Annexure I)

New entries in ST-ASM Framework:

  1. El Forge Ltd (531144, INE158F01017)
  2. LE Lavoir Ltd (539814, INE204S01012)
  3. Manbro Industries Ltd (512595, INE348N01034)
  4. Nexus Surgical And Medicare Ltd (538874, INE370Q01015)
  5. Orient Ceratech Ltd (504879, INE569C01020) - as per NSE
  6. Palco Metals Ltd (539121, INE239L01013)
  7. Shipwaves Online Ltd (544646, INE0O9L01010) - SME scrip
  8. Technopack Polymers Ltd (543656, INE0MXP01015) - SME scrip
  9. Vanta Bioscience Ltd (540729, INE695X01011) - SME scrip
  10. Vantage Knowledge Academy Ltd (539761, INE427T01025)

Securities Moving Out (Annexure II)

Securities exiting ST-ASM Framework:

  1. Baba Arts Ltd (532380, INE893A01036)
  2. DCX Systems Ltd (543650, INE0KL801015)
  3. Galaxy Bearings Ltd (526073, INE020S01012)
  4. Lakhotia Polyesters (India) Ltd (535387, INE191O01010)
  5. Manaksia Steels Ltd (539044, INE824Q01011)
  6. Quadrant Future Tek Ltd (544336, INE0LRY01011)
  7. Suditi Industries Ltd (521113, INE691D01012)

Note: Securities may move out due to inclusion in other frameworks such as LT-ASM, Trade for Trade, GSM, Pledge Framework, or ESM Framework.

Regulatory Framework

The Short Term ASM framework operates on a 5/15/30 days basis to identify and monitor securities with:

  • Unusual price movements
  • High volatility
  • Abnormal trading patterns

Securities under ST-ASM are subject to:

  • Enhanced surveillance
  • Additional margin requirements
  • Potential trading restrictions based on stage

Important Dates

  • Circular Date: January 2, 2026
  • Effective Date: January 5, 2026

Impact Assessment

For Investors and Traders:

  • Securities in ST-ASM framework face higher margin requirements
  • May experience reduced liquidity due to trading restrictions
  • Investors should exercise caution when trading these securities
  • Position limits may apply depending on ASM stage

Market Impact:

  • Medium impact - affects specific securities rather than broad market
  • Regular surveillance update as part of ongoing risk management
  • Protects market integrity by monitoring volatile securities

Compliance Impact:

  • Trading members must ensure compliance with ASM framework requirements
  • Enhanced due diligence needed for client trades in these securities
  • Risk management systems should be updated to reflect new ASM list

Impact Justification

Regular surveillance framework update affecting 17 securities total. Important for traders and investors in these specific stocks as it impacts trading conditions and margin requirements.